That's up to each individual miner. People have come up with some pretty creative solutions. But even if they pay with fiat, the energy is the asset, not the fiat. Fiat cannot back anything. Bitcoin backs itself through the immutable decentralized ledger.
Bitcoin, up until now and currently, has been backed mostly by fiat, whether it be a direct transaction or via mined energy purchased by fiat, regardless of the ingenious 1% solutions out there. Without that fiat, it's just another algorithm chilling off in some corner of cyberspace.
I do not disagree with the self-sustainability of crypto technologies with coins, contracts, etc.
Constitutional? Irrelevant
You lost me there. Our fiat is also unconstitutional. It is issued now by the same folks that would issue CDBC. You noze what I'z meanz. Are you glowing right now?
That's up to each individual miner. People have come up with some pretty creative solutions. But even if they pay with fiat, the energy is the asset, not the fiat. Fiat cannot back anything. Bitcoin backs itself through the immutable decentralized ledger.
Bitcoin, up until now and currently, has been backed mostly by fiat, whether it be a direct transaction or via mined energy purchased by fiat, regardless of the ingenious 1% solutions out there. Without that fiat, it's just another algorithm chilling off in some corner of cyberspace.
Oh, and it is still unconstitutional.
Again, wrong. Bitcoin backs itself. It would exist and function all on its own even if fiat didn't exist.
Constitutional? Irrelevant because it's public open source technology. There's no government trying to force people to use it.
I do not disagree with the self-sustainability of crypto technologies with coins, contracts, etc.
You lost me there. Our fiat is also unconstitutional. It is issued now by the same folks that would issue CDBC. You noze what I'z meanz. Are you glowing right now?
Who is forcing you to use Bitcoin? No one.
Who is forcing you to use fiat?
Yeah. That's why it's irrelevant. Bitcoin is not a government.